Herbert Hoover: “The essence of this proposition is to give time to permit debtor governments to recover their national prosperity.”

I am glad to see the adoption by the Senate and House of the principle of generous relief to unemployment.

This reduction should be carried out not only by broad general cuts in armaments but by increasing the comparative power of defense through decreases in the power of the attack.

All bombing planes to be abolished.

I earnestly hope that this may be done.